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EDS Announces Expiration of Waiting Period Under Hart-Scott-Rodino Act

PLANO, Texas, June 30 /CNW/ -- Electronic Data Systems Corporation (NYSE:
EDS), today announced that the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976 relating to Hewlett- Packard Company's
proposed acquisition of EDS has expired without a request for further
information by the U.S. Department of Justice or Federal Trade Commission. As
previously announced, EDS has scheduled a special meeting of its stockholders,
to be held at 9:30 a.m., Central time, on Thursday, July 31, 2008, to consider
and vote on the proposed merger. The transaction still requires EDS
stockholder approval and regulatory clearance from the European Commission and
other non-U.S. jurisdictions and is subject to the satisfaction or waiver of
the other closing conditions specified in the merger agreement.
About EDS
EDS is a leading global technology services company delivering business
solutions to its clients. EDS founded the information technology outsourcing
industry more than 46 years ago. Today, EDS delivers a broad portfolio of
information technology and business process outsourcing services to clients in
the manufacturing, financial services, healthcare, communications, energy,
transportation, and consumer and retail industries and to governments around
the world. Learn more at eds.com.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements contained in this document, including Electronic Data
Systems Corporation's ("EDS") future expectations, beliefs, goals or
prospects, and any statements that are not statements of historical facts are
forward-looking statements. These forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ materially
from those stated in the forward-looking statements. Important factors that
could cause actual results or events to differ materially from those indicated
by such forward-looking statements include: (i) the conditions to the
completion of the proposed merger may not be satisfied, or the regulatory
approvals and clearances required for the proposed merger may not be obtained
on the terms expected or on the anticipated schedule (if at all); (ii) the
parties' ability to meet expectations regarding the timing for completion of
the proposed merger; (iii) the possibility that the parties may be unable to
achieve expected synergies and operating efficiencies within the expected
time-frames or at all; (iv) operating costs, customer loss and business
disruption may be greater than expected following the transaction; (v) the
retention of certain key employees at EDS; and (vi) the outcome of any legal
proceedings that may be instituted against EDS and others following the
announcement of the merger agreement. These factors, and other important
factors that could affect these outcomes are set forth in EDS' most recently
filed Annual Report on Form 10-K and its other filings with the Securities and
Exchange Commission, in each case under the heading "Forward-Looking
Statements" and/or "Risk Factors." Such discussions regarding risk factors and
forward-looking statements are incorporated herein by reference. EDS assumes
no obligation to update or revise any forward-looking statement in this
document, and such forward-looking statements speak only as of the date
hereof.
Additional information and where to find it
EDS has filed with the Securities and Exchange Commission a definitive
proxy statement in connection with its proposed business combination with
Hewlett-Packard Company ("HP"). The definitive proxy statement will be sent or
given to the stockholders of EDS. Before making any voting or investment
decision with respect to the merger, investors and stockholders of EDS are
urged to read the definitive proxy statement and any other relevant materials
filed with the SEC because they contain (or will contain) important
information about the merger. The definitive proxy statement and any other
documents filed by EDS with the SEC, may be obtained free of charge at the
SEC's website at www.sec.gov. In addition, investors and stockholders may
obtain free copies of the documents filed with the SEC by going to EDS's
Investor Relations page on its corporate website at www.eds.com or by
directing a request to EDS at 5400 Legacy Drive, Plano, TX 75024 - Attention:
Investor Relations.
EDS and HP and their respective directors and executive officers may be
deemed to be participants in the solicitation of proxies from EDS stockholders
in connection with the merger. Information about HP's directors and executive
officers is set forth in HP's proxy statement on Schedule 14A filed with the
SEC on January 29, 2008 and HP's Annual Report on Form 10-K filed on December
18, 2007. Information about EDS's directors and executive officers is set
forth in EDS's proxy statement on Schedule 14A filed with the SEC on March 4,
2008 and EDS's Annual Report on Form 10-K filed on February 27, 2008.
Additional information regarding the interests of participants in the
solicitation of proxies in connection with the merger is included in the
definitive proxy statement that EDS has filed with the SEC.
MEDIA RELATIONS CONTACT: INVESTOR RELATIONS CONTACT:
Bob Brand - EDS Roxane Barry - EDS
972 605 1290 972 605 6420
bob.brand@eds.comroxane.barry@eds.com